§ Mr. RAWLINSONasked the Chancellor of the Exchequer whether Victory War Bonds, part of the estate of a testator, will be accepted at par value in payment of Legacy Duty payable by testator's estate on legacies which have been left to legatees free of Legacy Duty?
Mr. CHAMBERLAINThe answer is in the affirmative provided the Bonds had formed part of the estate of the testator continuously up to the date of death from 1827W the date of the original subscription or for a period of not less than six months immediately preceding the date of death.
§ Mr. RAWLINSONasked the Chancellor of the Exchequer whether Victory War Bonds will be accepted at par value for payment's made by trustees for Death Duties on the death of a tenant for life, a beneficiary under the trust; for instance, when trustees of a marriage settlement hold property including Victory War Bonds in trust for the benefit of a father for life with remainder to two sons, will these Victory War Bonds be accepted at par value for the payment of the Death Duties payable on the death of the father?
Mr. CHAMBERLAINThe answer is in the affirmative provided the Bonds had formed part of the trust estate continuously up to the date of the death of the life tenant from the date of the original subscription or for a period of not less than six months immediately preceding the date of death.